Top equity bankers help brake business restart IPO plans

In a busy spell for London listings, Bain Capital-backed TI Fluid will take a second shot at joining the main market

By

Tim Burke

October 9, 2017 9:37 a.m. GMT

A private equity-owned car parts manufacturer has called once more on some of the City's top equity market bankers as it launches a second attempt at a stock market listing.

TI Fluid Systems, which makes automotive components such as brake and fuel lines, said on Monday that it expects to raise €425m from an offering on London’s main market later this month. That may include a sale of shares from investor Bain Capital, the company said.